Toronto, Ontario ¨C November 21, 2016 ¨C Boyuan Construction Group, Inc., (TSX: BOY, BOY.DB.A),
a growing construction company in China of commercial, residential and municipal infrastructure
projects, announced today that it has initiated construction on two new residential projects in Jiaxing,
Zhejiang Province, with combined contract values of US$84.1 million.

¡°We are most pleased to be commencing construction on both of these much needed residential
builds in the increasing vibrant property market in Jiaxing,¡± said Mr. Cai Liang Shou, Chairman and
CEO of Boyuan Construction Group. ¡°Only one hour by road from Shanghai, or twenty minutes by
high-speed rail, Jiaxing is becoming an attractive proposition for buyers who work in Shanghai, and
we expect continued growth in this market.¡±

The first residential project has a construction area of 180,000 square meters, a contract value of
US$38.1 million with an expected completion by the fourth quarter of calendar year 2018. The
second project has a construction area of 143,190 square meters, a contract value of US$46.0 million
with an expected completion by the first quarter of calendar year 2019.

About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of commercial
building and residential construction, municipal infrastructure and engineering projects. In its last
three fiscal years ending June 30, 2016, Boyuan completed 41 projects for a number of private and
public sector clients. Boyuan's current project backlog includes residential, commercial, industrial
and mixed-use developments. From its operating bases in Zhejiang Province and in Hainan
Province, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze
River Delta and Hainan Province. For more information visit www.boyuangroup.com.

Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes forward-looking information, which is
information relating to future events or Boyuan's future performance and which is inherently
uncertain. All information other than statements of historical fact may be forward-looking information.
Forward-looking information is often, but not always, identified by the use of words such as "seek",
"anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words or
phrases (including negative variations) suggesting future outcomes or statements regarding an
outlook. Forward-looking information contained in this press release includes, but is not limited to,
management's estimates for the contract values and expected completion dates for the projects, and
management's expectation of the effect of the projects on the Company's ability to secure future
projects. Forward-looking information involves known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those anticipated in such
forward-looking information. The Company believes the expectations reflected in the forwardlooking
information are reasonable but no assurance can be given that these expectations will prove
to be correct and readers are cautioned not to place undue reliance on forward-looking information
contained in this press release. Some of the risks and other factors which could cause results to
differ materially from those expressed in the forward-looking information contained in this press
release include, but are not limited to: risk of macro-economy cycle, risk from competition, risk from
insufficient marketing to secure new projects, risk in obtaining additional financing, risk involving
permits and licences, reliance on key management member, risk from supply of raw materials, risk of financial leverage, risk of bad debts in accounts receivables, risk involved in real estate development, foreign exchange fluctuations, political and economic conditions in China and other risks included in the Company's AIF for the fiscal year ended June 30, 2016 and in the Company's public disclosure documents filed with certain Canadian securities regulatory authorities and available at www.sedar.com. The forward-looking information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law.